Cedar Fair, L.P. (NYSE:FUN) Raises Dividend to $0.94 Per Share

Cedar Fair, L.P. (NYSE:FUN) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Wednesday, December 4th will be paid a dividend of 0.935 per share on Tuesday, December 17th. This represents a $3.74 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Cedar Fair’s previous quarterly dividend of $0.93.

Shares of NYSE:FUN opened at $55.69 on Friday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.49. Cedar Fair has a 52 week low of $45.58 and a 52 week high of $64.86. The firm has a 50 day moving average of $57.06 and a 200 day moving average of $53.21.

Cedar Fair (NYSE:FUN) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $3.34 EPS for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.12). The business had revenue of $714.50 million during the quarter, compared to the consensus estimate of $684.43 million. Cedar Fair had a negative return on equity of 939.99% and a net margin of 12.03%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $3.76 EPS. As a group, equities analysts anticipate that Cedar Fair will post 3.4 earnings per share for the current fiscal year.

A number of brokerages recently commented on FUN. TheStreet raised shares of Cedar Fair from a “c” rating to a “b-” rating in a research note on Thursday, August 29th. KeyCorp reduced their price objective on shares of Cedar Fair from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Wedbush set a $60.00 price target on shares of Cedar Fair and gave the stock a “buy” rating in a report on Thursday, September 12th. SunTrust Banks raised shares of Cedar Fair from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Thursday, August 22nd. Finally, Zacks Investment Research raised shares of Cedar Fair from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $62.60.

Cedar Fair Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 4 hotels. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Canada; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania; Kings Dominion located near Richmond, Virginia; California's Great America located in Santa Clara, California; Valleyfair located near Minneapolis/St.

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Dividend History for Cedar Fair (NYSE:FUN)

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